The Qatar Stock Exchange Thursday crossed the 11,900 levels intraday, but overall it could not sustain the momentum as the index finally settled 15 points higher against the previous day’s levels.
The Arab individuals turned bullish in the bourse, whose year-to-date gains improved to 13.76%.
The foreign retail investors were increasingly into net buying in the market, whose capitalisation nevertheless saw a marginal 0.01% fall to QR684.39bn, mainly owing to microcap segments.
The Islamic index was seen declining vis-à-vis gains in other indices in the bourse, where the industrials and real estate sectors together constituted about 55% of the total trading volume.
The overall trade turnover and volumes were on the decline increase in the main market, where the domestic funds’ net selling weakened markedly.
However, the local retail investors were increasingly into net selling in the market, which saw a total of 55,466 exchange traded funds (Masraf Al Rayan-sponsored QATR and Doha Bank-sponsored QETF) valued at QR590,344 change hands across eight deals.
The Total Return Index rose 0.13% to 23,500.21 points and the All Share Index by 0.14% to 3,749.47 points, while the Al Rayan Islamic Index (Price) was down 0.03% to 2,673.13 points in the market, which saw no trading of sovereign bonds and treasury bills.
The transport sector index shot up 2.11%, insurance (1.21%), banks and financial services (0.1%) and real estate (0.03%); whereas telecom declined 0.31%, industrials (0.24%) and consumer goods and services (0.16%).
Major gainers in the main market included QLM, Nakilat, Aamal Company, Al Khaleej Takaful, Medicare Group, Masraf Al Rayan, Qatar Insurance and Qatar Islamic Insurance.
Nevertheless, Gulf International Services, Qatari Investors Group, Mesaieed Petrochemical Holding, Ezdan, Dlala, Mannai Corporation, Qamco, Mazaya Qatar, Ooredoo and Vodafone Qatar were among the losers in the main market. In the venture market, both Al Faleh Educational Holding and Mekdam Holding were seen shakers.
The foreign individuals’ net buying strengthened noticeably to QR6.94mn compared to QR3.67mn on October 20.
The Arab individuals turned net buyers to the tune of QR5.3mn against net sellers of QR2.1mn on Wednesday.
The domestic funds’ net profit booking declined markedly to QR91.56mn compared to QR107.19mn the previous day.
The Gulf individuals’ net selling weakened considerably to QR0.89mn against QR11.97mn on October 20.
However, the local retail investors’ net selling expanded drastically to QR27.94mn compared to QR7.69mn on Wednesday.
The Gulf institutions were net sellers to the tune of QR0.08mn against net buyers of QR9.99mn the previous day.
The foreign institutions’ net buying shrank perceptibly to QR108.23mn compared to QR115.29mn on October 20.
The Arab institutions had no major net exposure for the tenth consecutive session.
Total trade volume in the main market fell 20% to 224.1mn shares, value by 15% to QR687.97mn and transactions by 10% to 14,096.
There was a 39% plunge in the industrials sector’s trade volume to 82.3mn equities, 43% in value to QR185.59mn and 21% in deals to 3,693.
The banks and financial services sector’s trade volume plummeted 36% to 26.08mn stocks, value by 46% to QR145.61mn and transactions by 35% to 4,103.
The consumer goods and services sector reported a 34% shrinkage in trade volume to 28.97mn shares, 11% in value to QR64.05mn and 7% in deals to 1,443.
However, the telecom sector’s trade volume more than doubled to 3.26mn equities and value also more than doubled to QR9.96mn on almost-quadrupled transactions to 707.
The transport sector’s trade volume more than doubled to 38.46mn stocks and value more than tripled to QR198.35mn on a 52% growth in deals to 1,756.
The market witnessed a 54% surge in the insurance’s sector’s trade volume to 4.8mn shares, value by 64% to QR19.25mn and transactions by 88% to 461.
The real estate sector’s trade volume was up 4% to 40.23mn equities, value by 15% to QR65.16mn and deals by 23% to 1,933.
In the venture market, volumes more than doubled and value also more than doubled on 90.91% surge in deals.